Exxon Mobil Corporation (XOM) Stake Lifted by Union Bankshares Corp
Union Bankshares Corp grew its stake in shares of Exxon Mobil Corporation (NYSE:XOM) by 4.0% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 107,722 shares of the oil and gas company’s stock after acquiring an additional 4,131 shares during the period. Exxon Mobil Corporation comprises 3.0% of Union Bankshares Corp’s investment portfolio, making the stock its 2nd biggest position. Union Bankshares Corp’s holdings in Exxon Mobil Corporation were worth $8,697,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently added to or reduced their stakes in the company. Horan Securities Inc. bought a new stake in shares of Exxon Mobil Corporation in the 1st quarter worth approximately $102,000. Watermark Asset Management Inc. purchased a new position in Exxon Mobil Corporation in the first quarter valued at approximately $136,000. Mitsubishi UFJ Securities Holdings Co. Ltd. lifted its stake in Exxon Mobil Corporation by 13.5% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,850 shares of the oil and gas company’s stock valued at $152,000 after purchasing an additional 220 shares during the last quarter. Diversified Portfolios Inc. purchased a new position in Exxon Mobil Corporation in the first quarter valued at approximately $224,000. Finally, Colorado Capital Management Inc. bought a new position in Exxon Mobil Corporation during the first quarter valued at $235,000. 50.74% of the stock is owned by hedge funds and other institutional investors.
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Several research analysts have recently weighed in on the company. Scotiabank set a $86.00 price target on Exxon Mobil Corporation and gave the stock a “buy” rating in a research note on Saturday, June 17th. BMO Capital Markets lifted their price objective on Exxon Mobil Corporation from $76.00 to $80.00 and gave the stock a “market perform” rating in a report on Wednesday, June 21st. Royal Bank Of Canada restated a “buy” rating and issued a $96.00 price objective on shares of Exxon Mobil Corporation in a research note on Thursday, June 15th. Vetr cut Exxon Mobil Corporation from a “buy” rating to a “hold” rating and set a $85.17 price objective on the stock. in a research note on Thursday, September 28th. Finally, Jefferies Group LLC reaffirmed a “neutral” rating and set a $92.00 price objective on shares of Exxon Mobil Corporation in a report on Tuesday, July 4th. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Exxon Mobil Corporation currently has a consensus rating of “Hold” and a consensus price target of $84.75.
Shares of Exxon Mobil Corporation (NYSE:XOM) traded up 0.32% during midday trading on Tuesday, hitting $81.89. 2,996,470 shares of the stock were exchanged. The firm has a market cap of $346.98 billion, a PE ratio of 29.52 and a beta of 0.82. The firm’s 50-day moving average is $78.67 and its 200 day moving average is $80.73. Exxon Mobil Corporation has a 52-week low of $76.05 and a 52-week high of $93.22.
Exxon Mobil Corporation (NYSE:XOM) last released its quarterly earnings data on Friday, July 28th. The oil and gas company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.83 by ($0.05). The company had revenue of $62.88 billion for the quarter, compared to the consensus estimate of $61.35 billion. Exxon Mobil Corporation had a net margin of 4.75% and a return on equity of 7.62%. The firm’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same period last year, the company earned $0.41 EPS. On average, analysts forecast that Exxon Mobil Corporation will post $3.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, September 11th. Stockholders of record on Monday, August 14th were issued a $0.77 dividend. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $3.08 annualized dividend and a dividend yield of 3.77%. Exxon Mobil Corporation’s dividend payout ratio (DPR) is 111.19%.
In related news, Director Steven Reinemund sold 1,100 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $80.23, for a total transaction of $88,253.00. Following the completion of the transaction, the director now directly owns 43,125 shares of the company’s stock, valued at $3,459,918.75. The sale was disclosed in a filing with the SEC, which is available through this link. Also, VP Robert Stuart Franklin sold 22,656 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $79.76, for a total value of $1,807,042.56. Following the transaction, the vice president now directly owns 231,572 shares of the company’s stock, valued at $18,470,182.72. The disclosure for this sale can be found here. Insiders own 0.08% of the company’s stock.
About Exxon Mobil Corporation
Exxon Mobil Corporation is engaged in energy business. The Company is engaged in the exploration, production, transportation and sale of crude oil and natural gas, and the manufacture, transportation and sale of petroleum products. The Company also manufactures and markets commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and a range of specialty products.
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